M&A

Lion sells Pani stake for $74M

MINING investor Lion Selection Group has announced the sale of its stake in the Pani joint venture in Indonesia for A$74.4 million.

Pani in Indonesia

Pani in Indonesia

JV partners Merdeka Copper Gold and Provident Capital-controlled Andalan International will buy the 33% stake. Lion will receive US$22 million cash up-front and $20 million of Merdeka shares with 12...

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